Isn't That Special?

I see that former Royal Bank of Scotland chief Frederick A. Goodwin has had his knighthood revoked.  I'm sure there are committed anglophiles will tell me I miss the point entirely, but isn't this just a small step up from losing his library card?  Can't we at least consider something that involves, say, shackles, or a humiliating parade through the streets?  Or personal bankruptcy.Yes, "personal bankruptcy" has a consoling ring.   Ought enrich his experience of the human condition even more than, say, a knightood.